Vest Financial LLC Buys New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Vest Financial LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, HoldingsChannel reports. The firm purchased 3,648 shares of the Wireless communications provider’s stock, valued at approximately $753,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after acquiring an additional 1,667,778 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after purchasing an additional 184,059 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares during the period. Finally, Boston Partners boosted its holdings in shares of T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after buying an additional 28,045 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TMUS. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. KeyCorp boosted their price target on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Evercore ISI increased their price objective on T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Barclays boosted their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Tigress Financial raised their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $219.94.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 349,261 shares of company stock valued at $69,411,130 in the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.2 %

Shares of TMUS opened at $222.77 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a 52-week low of $136.92 and a 52-week high of $223.91. The firm has a market cap of $261.05 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.12 and a beta of 0.51. The business’s fifty day moving average is $203.79 and its 200-day moving average is $183.77.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.58%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 47.89%.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.